China worried about declining value of dollar
It’s happening. It’s not comforting knowing that an ideology I despise as an enemy of individual liberty is having a field day with the declining dollar, but it’s true. The dollar faces collapse, and that’s exactly what George Soros and his socialist cohorts want.
China premier warns of potential dollar collapse
In a public statement raising questions about the solvency of the US government, Chinese Premier Wen Jiabao said Friday that China, the largest holder of US treasury debt, was “concerned about the security of our assets.”
Here’s more evidence of the dollar problem:
Heavy in dollars, China warns of depreciation
- China’s FX reserves are 65 pct in dollars -report
- C.banker warns against monetary system dominated by dollar
- Says China will work to promote yuan as alternative (Adds comments, details)
China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
Heavy in dollars, China warns of depreciationChina’s FX reserves are 65 pct in dollars -reportC.banker warns against monetary system dominated by dollarSays China will work to promote yuan as alternative (Adds comments, details)
Via Reuters
And more:
China’s yuan ‘set to usurp US dollar’ as world’s reserve currency
The Chinese yuan is preparing to overtake the US dollar as the world’s reserve currency, economist Nouriel Roubini has warned.
Via The Telegraph
Is that enough evidence to see that we have a USD asset bubble in the global economy?